MCQOPTIONS
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| 1. |
Under LRS, all resident individuals can freely remit $250,000 overseas every financial year for a permissible set of current or capital account transactions. The Remittances under this scheme are not permitted for which of the following? |
| A. | Maintenance of relatives living abroad |
| B. | Gifting |
| C. | Donations |
| D. | Gambling |
| Answer» E. | |